LONDON: Oil prices were little changed on Monday after registering a monthly loss for the first time since November, while investors await the outcome of efforts to end the Russia-Ukraine war and repercussions from U.S. tariffs. Brent crude rose 11 cents, or 0.15%, to $72.92 a barrel by 1105 GMT while U.S. West Texas Intermediate crude was up 3 cents,…
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KARACHI: Committed to fostering creativity, innovation, and localisation in the energy sector, K-Electric has launched Energy Progress & Innovation Challenge (EPIC) 2025. Building on the resounding success of its pioneering 7/11+ Innovation Challenge introduced in 2022, EPIC will unite entrepreneurs, academia, researchers, and think tanks to develop cutting-edge solutions for the energy industry. Innovators may address K-Electric’s predefined challenge statements…
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Federal Minister for Power Sardar Awais Ahmed Khan Leghari today attended a detailed session with Power Sector International Development Partners on Power Sector Reforms and its way forward.The development partners were led by Country Director World Bank Mr. Najy Benhassineand included representatives from IMF,ADB, IFC,KFW, German Embassy, FCOD, UNDP and AIIB,The Federal Minister apprised the participants about the reforms that…
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Karachi Sindh Energy Minister S Nasir Hussain Shah has warned that load-shedding of electricity and gas must be stopped in Sindh, and uninterrupted supply should be ensured during Ramadan. Despite his warnings, electricity and gas companies, including K-Electric, Hesco, and Sepco, have not improved their performance.¹ Shah emphasized that the federal government should take immediate notice of the situation, as…
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TEHRAN Iranian lawmakers on Sunday gave a vote of no confidence to the minister of Economic Affairs and Finance, terminating the term of Abdolnaser Hemmati 193 days after he took office. Hemmati attended an open session of the Parliament on Sunday and took the podium to answer the questions of a number of lawmakers, complaining about his ministry’s performance and…
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Prime Minister’s Adviser Muhammad Ali is likely to take charge of the Privatization portfolio, sources reveal. His key tasks will include privatizing power distribution companies (Discos) and state-owned gas companies, Sui Northern and Sui Southern, by unbundling them into transmission and distribution companies.¹ Ali’s experience as energy minister during the interim regime makes him an ideal candidate for the role.…
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Pakistan is making strides in expanding its energy infrastructure, with two major projects set to enhance energy security and reduce reliance on expensive fuel imports. The Thar Coal Railway Line, a 105km rail network connecting Thar’s coal mines to Port Qasim, is on track for completion by December 2025.¹ ² This project, overseen by the federal and Sindh governments, will…
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